Analysis of Influence Factors on Stock Rate Through Distress Financial Level in Manufacture Company in 2010-2014

Abstract

The objective of this study was to examine the influence of size, firm age, CR, DER, ROA, ROE, NPM, EPS, and PER on stock price through financial distress level. The population was manufacture companies listed in BEI (the Indonesia Stock Exchange) in the period of 2010-2014. The samples were 73 manufacture companies listed in BEI, taken by using purposive sampling technique so that there were 365 observations. The data were secondary data which were obtained from financial statement. The result of the research showed that size, firm age, Current Ratio, and PER had positive and significant influence on stock rate. NPM and ROA had positive but insignificant influence on stock price. DER, ROE, and EPS had negative and insignificant influence on stock price. ROA had negative and significant influence on financial distress level. Firm size, Current Ratio, DER, ROE, EPS, and PER had negative and insignificant influence on financial distress level. Meanwhile, firm age had positive but insignificant influence on financial distress level, and NPM had positive and significant influence on financial distress level. Financial distress level mediated the influence of DER, ROE, and EPS on stock price. Meanwhile, financial distress level did not mediate size, firm age, Current Ratio, NPM, and PER on StockPrice.